Not sure if there's a better thread, but I fear what might be coming down the pipeline with AMEX.
I recently applied for AMEX Blue Business Cash accounts for myself and DW.
Given the 2% cash back and 12 months of 0% APR, I moved other credit lines to these accounts and maxed them out at about 40k each.
Last week I got notices on the BP accounts to make a payment in order to avoid declined charges. This was despite a $0 balance on DW's account. I made a $1 payment on her account just in case some flag was there, and on my own account I brought down the balance (mid cycle) by about $2,500 (intending to pay the rest when due).
However, it seems like AMEX is restricting usage on both BP accounts to charges of up to $100. Additionally, they cut the CL on DW's AMEX Everyday Preferred from 15k to under 1k.
Does this mean bad news in the pipeline? Any way to prepare preemptively?